Publication:
Leveraging Global Value Chains for growth in Turkey: A Turkey Country Economic Memorandum

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dc.contributor.authorWorld Bank
dc.date.accessioned2022-03-08T17:19:01Z
dc.date.available2022-03-08T17:19:01Z
dc.date.issued2022-03-02
dc.description.abstractTurkey saw phenomenal growth in the 2000s as economic reforms ushered in FDI, GVCs expanded, and productivity increased. The early 2000s saw Turkey exit from major economic crisis with a strengthened fiscal framework, a strengthened, inflation-targeting mandate for the Central Bank, the establishment of an independent bank regulator, and importantly, a recently agreed Customs Union agreement with the EU. From 2001 to 2017, incomes per capita in Turkey doubled in real terms and tripled in current dollar terms. Turkey transformed from a lower-middle-income country (LMIC) at the start of the 2000s to very nearly reaching high-income status by 2014. This drove a rapid fall in poverty from above 30 percent to just 9 percent1. Very few other countries matched Turkey’s growth over this period, and almost all of them were new EU member states.en
dc.identifierhttp://documents.worldbank.org/curated/en/099445003022237667/originalNames
dc.identifier.doi10.1596/37095
dc.identifier.urihttps://hdl.handle.net/10986/37095
dc.languageEnglish
dc.publisherWashington, DC: World Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectGLOBAL VALUE CHAINS
dc.subjectECONOMIC CRISIS
dc.subjectFISCAL FRAMEWORK
dc.subjectLOWER MIDDLE INCLOME COUNTRIES
dc.titleLeveraging Global Value Chains for growth in Turkeyen
dc.title.subtitleA Turkey Country Economic Memorandumen
dspace.entity.typePublication
okr.crossref.titleLeveraging Global Value Chains for growth in Turkey
okr.date.disclosure2022-03-02
okr.date.doiregistration2025-05-07T12:44:33.277826Z
okr.date.lastmodified2022-03-04T00:00:00Zen
okr.doctypeReport
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099445003022237667/originalNames
okr.guid099445003022237667
okr.identifier.externaldocumentum33748849
okr.identifier.internaldocumentum33748849
okr.identifier.report169082
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099445003022237667/pdf/originalNames.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryTürkiye
okr.topicFinance and Financial Sector Development::Financial Crisis Management & Restructuring
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.topicMacroeconomics and Economic Growth::Fiscal Adjustment
okr.topicPrivate Sector Development::Global Value Chains and Business Clustering
okr.unitEFI-ECA-MTI-MacroFiscal-1 (EECM1)
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